Ofer Group winning fight for New Zealand Oil & Gas

Monaco’s Ofer Global’s takeover attempt for New Zealand Oil & Gas has strengthened to 36 percent acceptances, while a former competitor in the takeover tussle, Australia’s Zeta Energy, has also said it will add its 17 percent holding, taking the figure to 53 percent.

Ofer Global had earlier said that it wants between 50 and 70 percent of NZOG. Ofer Global – through its takeover vehicle Singapore-based OG Oil & Gas – has indicated that it wants to extend oil and gas exploration around New Zealand, possibly including two deepwater prospects. It would seek a joint venture partner for the exploration projects.

The latest offer from the Ofer Group of 78 cents a share has been unanimously accepted by NZOG’s board. The offer remains open until December 9.

Ofer Global is chaired by Eyal Ofer and has extensive interests globally in shipping, real estate, and banking and investments.

[caption id="attachment_25820" align="alignnone" width="640"] Photo: Manuel Vitali/DC[/caption]
A general presentation of the preparations underway for the Dubai World Expo 2020, which will take place from October 20, 2020 to April 10, 2021, was held this Tuesday, November 28, at Monte Carlo Bay. The theme of Dubai World Expo 2020 is "Connecting minds, building the future.”
The Monaco State Company Inter Expo (MIE) is inviting all institutional entities in the Principality to take part in this international event which will bring together more than 180 countries and provide an important showcase for Monaco.
Albert Croesi, Managing Director of MIE and General Commissioner of the Monaco Pavilion for the Exhibition, explained: "It is Monaco in 360 degrees that we wish to highlight, and all Monegasque entities are invited to take part in the event.”
He said it’s important to develop the Pavilion project in order to provide it with a structure adapted to the needs of the exhibitors from the principality. “Monaco's objective for this new Expo is to present to the 25 million visitors expected by the organisers, all the attractions of the Principality, still unknown in this part of the world.”
At the end of this first preparatory meeting, the President of MIE and the Order of Architects of the Principality signed a working agreement, the first partnership in the principality for Dubai World Expo 2020.

READ ALSO

[caption id="attachment_11453" align="alignnone" width="960"] Photo: Facebook Fraser Yachts[/caption]
Fraser Yachts is celebrating its 70th anniversary this year. Describing itself as “the leading super yacht brokerage”, the company was founded in 1947 in Newport Beach, California, by David Fraser.
With 12 offices worldwide and 120 employees, its continuing success, they claim, is due to the fair and ethical approach of its founder. Figures for 2016 show that Fraser closed more brokerage deals than any other firm, for the sixth year in a row. Superyacht charters have also been running at record levels, the company said.
To celebrate its landmark birthday, Fraser, which has a high profile office in Monaco, at 2 Quai Antoine, is launching a new website and updating its brand image.
CEO Raphael Sauleau said, “The last brand update was carried out nearly ten years ago, and we felt that it was time to review our brand and look at how we can update it to take the company forward.”
Mr Sauleau also commented, “Following this the new design is very much an evolution of the existing brand which has always been very strong and recognisable, but now we feel that it reflects the true nature of the level of service we are offering to our clients and the future direction of the company as a luxury brand.”
Fraser has also recently announced a partnership with Plastic Oceans, a charity dedicated to educating people on how to change their daily habits in order to protect the oceans from plastic waste.
READ ALSO: The Fashion Revolution in Yacht Design
READ ALSO: BEDnBOATS set to launch in Monaco